Antioch CA Homes For Sale Market Comparison Report

Prospective Home Buyers should analyze various key indicators for a city they intend to purchase in. This article covers some current key indicators for Antioch Ca Home For Sale.

Summary of Key Points

Antioch Ca Homes for Sale market has taken a major hit from last year.

Median Sales Price (+4.91%), Median Days on Market (-39.95%), and Number of Units Sold (-51.63%)

Big Picture: Out of 20 cities analyzed in the East Bay, Antioch suffered the largest decline in the number of units sold.

Antioch Ca Homes for Sale

The city of Antioch experienced a 4.91% increase in median sales price from last year going up from $205,565 (Dec. 08) to $215,660 (Dec. 09). This modest increase in median sales price might at first glance seem like good news for Antioch however, when compared alongside median days on market and number of units sold, we realize that it is not so simple. Median days on market for a house in the city of Antioch for December 08 was 52 days compared to a meager 31 days in December 09 and number of units sold have taken a major beating going down by more than half from 306 units in Dec 08 to 148 units in Dec 09. The increase in median sales price coupled with a 39.95% decrease in median days on market should theoretically spell good news but a 51.63% drop in units sold says otherwise. The increase in sales price in this case dissuaded buyers from purchasing new homes.

There is good news for neighboring city Brentwood because Brentwood Ca Homes for Sale saw a modest increase in median sales price of 1.03% and a semi-dramatic increase in units sold of 24.49%. Neighbor Concord also witnessed a small increase of 1.15% in median sales price but Concord Ca Homes for Sale suffered pretty much the same fate as Antioch with a drop of 13.07% in the number of units sold.

It is important to compare these key indicators with nearby cities to help Home Buyers make an educated decision.

Read detailed information on Home For Sale in 55 other major cities in Northern California HomeSearchFinderBlog.com

Access Antioch Ca Homes for viewing latest market inventory

HomeSearchFinder.com provides a Proprietary Mortgage Affordability Calculator. It matches your profile against the programs our lenders offer and instantly communicates qualification amount.

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Concord Homes Market Comparison Report (February 2009 Versus February 2010)

We analyze several housing market indicators in order to present an in-depth breakdown of Concord Homes Market comparing February 2009 to February 2010.

Summary of Key Points

Concord Homes for Sale has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster. Sellers got over asking price. The market is making an upward move.

Key Statistics, Concord, CA: Median Sales Price (18.12%), Median Days on Market (-41.76%), and Number of Units Sold (-19.49%), Sales Price to List Price Ratio (Feb 09 98% - Feb 10 101%)

Concord Homes

The city of Concord experienced a 18.12% increase in median sales price from last year going up from $238,189 (Feb. 09) to $281,342 (Feb. 2010). Median days on market data for Concord show that houses are selling faster than Feb 09. It took 58 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 34 days (a 41.76% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 118 units were sold compared to 95 for Feb 10 (-19.49% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Concord. SP/LP ratio for Feb 09 was 98% compared to 101% for Feb 10.

Let's take a brief look at neighbors Antioch and Walnut Creek. Antioch Homes featured a 14.70% increase in median sales price ($185,797 Feb 09 - $213,110 Feb 10) and Walnut Creek Homes saw a 1.93% increase ($503,255 Feb 09 - $512,943 Feb 10). Are houses in Antioch and Walnut Creek selling faster or slower this year? Well, Antioch experienced a 54.02% decrease (55 to 25 days) in median days on market and Walnut Creek a 37.60% decrease (70 to 43 days). In the units sold category, Antioch sold 89 units less (44.72%) in Feb 2010 than 09 and Walnut Creek sold 20 units more (68.97%) in Feb 2010 than Feb 09.

Consult latest research and find Homes

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for. You can also access Concord Homes.

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East Bay, California Homes For Sale Market Report November 2009

We analysed 34 major cities in the East Bay Market.Sales of November 2009 were compared to November 2008 Median Price Change in Home Prices

The major cities that had double digit drop in median home prices as compared to last year were Lafayette (-19.31%),Walnut Creek (-18.44%),Alameda (-13.88%),Emeryville (-13.61%),Antioch (-10.07%).The good news is all other cities had single digit drops and some cities actually showed gains in home prices over last year.Oakland (12.84%),Bay Point (14.19%),Danville (16.22%),Fremont (17.64%),El Sobrante (21.54%) and Discovery Bay( 22.54%)

Median Days On Market

28 of the 34 cities actually had homes for lower median days on the market as compared to last year. That is also evident from the number of multiple offers being received on individual homes and the number of rejections Buyers received.25 cities had double digit drop in median days the homes were on the market. Pinole (-65.14%),Pacheco (-64.91%),San Lorenzo (-64.06%),Hercules (-62.97%),Bay Point ( -61.93%),Pittsburg (-51.05%)and Hercules (-50.29%)had the median days on the market down by more than half.

Homes Sold

Overall the homes sold last year in November 2008 were 2008 homes as compared to 1932 homes this year in November 2009.Some cities faced increases and some faced losses but overall the decline was not noticeable.

Where have the Bank Foreclosures gone?

It's a fact that Bank Owned listings/ homes are few to find. Everybody is scratching their heads to figure this one out. We have numbers in our report to show that Bank Foreclosures have dropped as compared to same time last year. But since the sale of homes was quite comparable to last year where did the difference come from. It most likely includes property flippers, short sales and regular sales by sellers. It is difficult to pinpoint the break down of this one.However we do have changes in Bank REO homes.29 of the 34 cities had decreased Bank Foreclosures.27 of the 29 cities had double digit decreases. Major decreases in Bank Owned properties was in Pleasanton (-68.18%),Danville (-66.41%)Dublin ( -61.54%)Fremont (-56.93%),Pinole (-56.04%),Hayward (-55.75%).

No Of Homes Sold

The leader in number of months of homes inventory were Pittsburg (8.25Months),Discovery Bay (8.04M),Hercules (7.31M).The lowest inventory was in El Cerrito (2.4M) Berkeley (2.87 M),Union City (4M)

You can see detailed charts on East Bay Ca Homes For Sale which include comparison for November 2009 to November 2008 and Summary of Numbers for November 2009. You can view individual city data, view properties and qualify for East Bay Ca Foreclosures on our website.

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